Business
How to ride the tech ETF rocket – The Australian Financial Review
The tech ETF sector has seen some stratospheric gains but if history is a guide the boom could have two inevitable consequences – retail investors getting burned; and issuers launching tech funds to meet demand.
Tech was the top-performing sector a year after the 2003 SARS crisis and is outperforming again during COVID-19. The US Nasdaq Composite Index is up about 50 per cent since its March lows. Traditionally viewed as a growth play, tech is also in demand for its defensive qualities.
Inevitable consequences
If history is any guide, the tech ETF boom has two inevitable consequences: retail investors joining the tech party too late and getting burned; and issuers launching tech funds to meet demand.
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